GGP Inc. reported second-quarter company funds from operations of $334.7 million, or 35 cents per share, compared to $340.1 million, or 35 cents per share, in the year-ago period.
Same-store net operating income, or NOI, rose 0.7% to $546.8 million from $543.1 million in the 2016 second quarter.
The S&P Capital IQ consensus FFO-per-share estimate for the second quarter was 36 cents.
With its results, GGP offered 2017 third-quarter company FFO-per-share guidance in the range of 36 cents to 38 cents and affirmed its full-year company FFO-per-share guidance in a range of $1.56 to $1.60, offered in May with its first-quarter earnings.
FFO per share as defined by the National Association of Real Estate Investment Trusts is expected to hit a range of 35 cents to 37 cents in the third quarter and a range of $1.59 to $1.63 for 2017.
The S&P Capital IQ consensus FFO-per-share estimates for the third quarter and full year are 38 cents and $1.56, respectively.
The company's ownership in Miami Design District rose to 22.3% after securing an additional 7.3% of its joint venture partner's membership interests in the development for two promissory notes totaling $98 million.
GGP also landed a 10% joint venture membership interest in 522 Fifth Avenue in Manhattan, N.Y., for a $9.0 million promissory note.
With regard to dispositions, the company divested Red Cliffs Mall in St. George, Utah, for around $39.1 million and completed the sale of Lakeside Mall in Michigan.